Y Intercept Hong Kong Ltd Makes New $992,000 Investment in Ryman Hospitality Properties, Inc. $RHP

Y Intercept Hong Kong Ltd bought a new stake in Ryman Hospitality Properties, Inc. (NYSE:RHP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,756 shares of the real estate investment trust’s stock, valued at approximately $992,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Ryman Hospitality Properties by 44.1% during the first quarter. Royal Bank of Canada now owns 39,740 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 12,169 shares during the period. AQR Capital Management LLC grew its stake in Ryman Hospitality Properties by 131.0% in the 1st quarter. AQR Capital Management LLC now owns 13,418 shares of the real estate investment trust’s stock valued at $1,227,000 after purchasing an additional 7,610 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Ryman Hospitality Properties by 8.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 784,970 shares of the real estate investment trust’s stock valued at $71,778,000 after purchasing an additional 63,507 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Ryman Hospitality Properties by 306.5% during the 1st quarter. Jane Street Group LLC now owns 36,162 shares of the real estate investment trust’s stock worth $3,307,000 after purchasing an additional 27,267 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of Ryman Hospitality Properties by 240.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 296 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 209 shares during the period. 94.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RHP shares. Morgan Stanley increased their price target on shares of Ryman Hospitality Properties from $105.00 to $112.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Barclays boosted their target price on shares of Ryman Hospitality Properties from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wells Fargo & Company increased their price objective on Ryman Hospitality Properties from $114.00 to $126.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Raymond James Financial reiterated an “outperform” rating and issued a $125.00 target price on shares of Ryman Hospitality Properties in a research note on Monday, June 8th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $137.00 price objective on shares of Ryman Hospitality Properties in a research note on Friday, June 12th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.27.

Ryman Hospitality Properties Trading Down 0.7%

NYSE:RHP traded down $0.94 during midday trading on Friday, reaching $125.69. 546,309 shares of the stock traded hands, compared to its average volume of 665,098. The company has a fifty day moving average of $118.40 and a 200 day moving average of $104.38. Ryman Hospitality Properties, Inc. has a 12 month low of $83.82 and a 12 month high of $132.41. The company has a debt-to-equity ratio of 5.15, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market capitalization of $7.93 billion, a P/E ratio of 33.16, a PEG ratio of 2.27 and a beta of 1.20.

Ryman Hospitality Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, June 30th. Ryman Hospitality Properties’s dividend payout ratio is currently 126.65%.

About Ryman Hospitality Properties

Ryman Hospitality Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership and operation of group?oriented, large convention center hotel resorts. The company’s portfolio is anchored by its Gaylord Hotels brand, offering integrated resort, convention, entertainment and dining experiences under long?term management agreements with Marriott International.

Ryman’s flagship properties include Gaylord Opryland Resort & Convention Center in Nashville, Gaylord Texan Resort & Convention Center near Dallas/Fort Worth and Gaylord Palms Resort & Convention Center in Orlando, Florida.